CORTIZO BENELUX: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
CORTIZO BENELUX
Largest movements
- Cash +€39,386
up €39,386 (+75.1%), from €52,436 to €91,822
mainly Receivables within one year (+€38,930) and Depreciation (+€32,449)
- Receivables within one year -€38,930
down €38,930 (-42.7%), from €91,250 to €52,320
of which Trade receivables: -€40,711
- Tangible fixed assets -€32,449
down €32,449 (-24.0%), from €135,204 to €102,755
- Trade debts -€42,209
down €42,209 (-93.4%), from €45,211 to €3,002
- Tax, wage and social debts +€11,601
up €11,601 (+1,627%), from €713 to €12,314
- Turnover +€115,359
up €115,359 (+128%), from €90,000 to €205,359
- Staff costs +€57,981
up €57,981 (+119%), from €48,793 to €106,774
- Depreciation +€5,408
up €5,408 (+20.0%), from €27,041 to €32,449
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €284,890 | €253,151 | -€31,739 | -11.1% |
| Fixed assets | 21/28 | €141,204 | €108,755 | -€32,449 | -23.0% |
| Tangible fixed assets | 22/27 | €135,204 | €102,755 | -€32,449 | -24.0% |
| Plant, machinery and equipment | 23 | €135,204 | €102,755 | -€32,449 | -24.0% |
| Financial fixed assets | 28 | €6,000 | €6,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €6,000 | €6,000 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €6,000 | €6,000 | = | 0.0% |
| Current assets | 29/58 | €143,686 | €144,396 | +€710 | +0.5% |
| Amounts receivable within one year | 40/41 | €91,250 | €52,320 | -€38,930 | -42.7% |
| Trade receivables | 40 | €90,000 | €49,289 | -€40,711 | -45.2% |
| Other amounts receivable | 41 | €1,250 | €3,031 | +€1,781 | +142% |
| Cash at bank and in hand | 54/58 | €52,436 | €91,822 | +€39,386 | +75.1% |
| Deferred charges and accrued income | 490/1 | - | €254 | +€254 | |
| Total equity and liabilities | 10/49 | €284,890 | €253,151 | -€31,739 | -11.1% |
| Equity | 10/15 | €214,637 | €213,578 | -€1,059 | -0.5% |
| Contributions | 10/11 | €310,000 | €310,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€95,363 | -€96,422 | -€1,059 | -1.1% |
| Amounts payable | 17/49 | €70,253 | €39,573 | -€30,680 | -43.7% |
| Amounts payable within one year | 42/48 | €67,972 | €37,364 | -€30,608 | -45.0% |
| Trade debts | 44 | €45,211 | €3,002 | -€42,209 | -93.4% |
| Suppliers | 440/4 | €45,211 | €3,002 | -€42,209 | -93.4% |
| Taxes, remuneration and social security | 45 | €713 | €12,314 | +€11,601 | +1,627% |
| Remuneration and social security | 454/9 | €713 | €12,314 | +€11,601 | +1,627% |
| Other amounts payable | 47/48 | €22,048 | €22,048 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,281 | €2,209 | -€72 | -3.2% |
| Operating income | 70/76A | €90,000 | €205,918 | +€115,918 | +129% |
| Turnover | 70 | €90,000 | €205,359 | +€115,359 | +128% |
| Other operating income | 74 | - | €559 | +€559 | |
| Operating charges | 60/66A | €144,141 | €206,462 | +€62,321 | +43.2% |
| Services and other goods | 61 | €68,307 | €67,139 | -€1,168 | -1.7% |
| Remuneration, social security and pensions | 62 | €48,793 | €106,774 | +€57,981 | +119% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,041 | €32,449 | +€5,408 | +20.0% |
| Other operating charges | 640/8 | - | €100 | +€100 | |
| Operating profit (loss) | 9901 | -€54,141 | -€544 | +€53,597 | +99.0% |
| Financial income | 75/76B | - | €48 | +€48 | |
| Recurring financial income | 75 | - | €48 | +€48 | |
| Non-recurring financial income | 76B | - | €48 | +€48 | |
| Financial charges | 65/66B | €2 | €563 | +€561 | +28,050% |
| Recurring financial charges | 65 | €2 | €563 | +€561 | +28,050% |
| Debt charges | 650 | - | €563 | +€563 | |
| Other financial charges | 652/9 | €2 | - | -€2 | |
| Profit (loss) for the period before taxes | 9903 | -€54,143 | -€1,059 | +€53,084 | +98.0% |
| Profit (loss) for the period | 9904 | -€54,143 | -€1,059 | +€53,084 | +98.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€54,143 | -€1,059 | +€53,084 | +98.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.